Our Mid-Term trend lives to see another week. So far our trend is bearish even as price have climbed to near new highs. Of course the longer the price stays up the more detrimental to the Mid-Term staying in a bearish position. What we have said yesterdays remains true today. A trade to the down side with the trend can only come when our Short-Term trend becomes aligned with the Mid-Term trend.
Mid-Term: DOWN
Short-Term: UP
We are approaching May 3rd my next turn-date target. We do not know if this is a minor or major turn but we should see it in how the trends behave on that day. Also the 3rd of May is on a Friday, making it also important.
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